JanisL

A lot of people don't know just how corrupt the IOC is, I suspect if this was common knowledge there would be a hugely increased number of people calling for boycotts of the Olympics.

Give a higher maximum character limit

In a heavily inflationary environment this practice could turn out to be entirely maladaptive. What percentage of inflation year on year will you change your mind at? Do you even have a line?

The monetary system in many places was already mostly private, most money is created by commercial banks and we have institutions like central banks with private ownership in many countries.

I think a lot of skilled software developers might be unaware of just how bad the practices can be in non-software companies regarding software development.

A few years back I remember a big corp explicitly telling me that a project for an Excel based integration between some systems would have easily got buyin and budget. Despite it being in a broader sense a crappy tool for the job due to everyone having excel installed and almost nobody being able to get approval in a reasonable amount of time for anything else to get installed it did appear to be the easiest option in the circumstances. Before this I think I was one of those people who just ruled out using Excel for integrations because I just couldn't see how it could possibly be the best option in any circumstances.

It's a bit like getting struck by lightning, you deal with this when it happens if it happens. This is sufficiently unlikely for most people that it's not worth being too concerned about it when other exceedingly more dangerous and pressing matters could be dealt with using that same energy.

I think there's a massive difference between the government owning things and the central bank owning things for the reasons you mention about accountability.

Bitcoin had design goals in mind to avoid certain downsides of centralized currencies. The cryptocurrency space however lives inside the broader economy and questions about what money is and the regulations around it don't go away just because a specific cryptocurrency thought about some of these aspects in it's design. Even if bitcoin were to solve everyone's problems as some maximalists would claim how do we even implement this? Considering much of the world doesn't have holdings in bitcoin what are we to do? Similarly what do we do about people who don't have the infrastructure to run full nodes? What about dealing with interference with using the cryptocurrency imposed by external actors?

There's good reasons why people discuss these ideas, bitcoin, much like anything else is just part of the direction things can go in and it doesn't exist in isolation from the rest of the world.

I'm trying to encourage a discussion about what money itself should be. I think without this discussion it will be very hard to make effective regulations around money and the implications this has on the operations of the banking system. Once people are more informed about these topics better regulation will be possible. Frankly I don't see people talk about the fundamentals of money much, the current monetary system is convenient enough for most people such that they don't have to think about the details of how it works in their day to day lives.

It would seem that the temptation to set the price of everything is increased when there are impediments to setting the interest rate (since this removes an important monetary policy lever). I think this has been seen lately as the zero-lower-bound on nominal interest rates has started to come into play in many places.